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During a keynote speech at the CryptoCompare Digital Asset Summit, Tether CTO revealed Paolo Ardoino has revealed the stablecoin issuer wants to lead in the decentralized finance (DeFi) space.

Brave’s Basic Attention Token (BAT) can now be used to redeem “real-world rewards” with various top brands, including Amazon, Uber, and Walmart. Users earn BAT for seeing privacy-respecting ads while using the Brave browser.

The IOTA network has been brought back online weeks after it suffered a $2 million hack. The cryptocurrency’s co-founder has said he plans on reimbursing users affected by the security breach.

CryptoCompare has partnered with IntoTheBlock to add on-chain data to over 800 cryptoassets on the platform,so cryptocurrency investors have access to the best information on crypto blockchain activity.

Top stories in the Crypto Roundup today:

  • 'We Want Tether to Be the Leading Stablecoin in the DeFi Space’ Says CTO Paolo Ardoino
  • Brave’s BAT Tokens Can Now Be Redeemed for ‘Real-World Rewards’
  • IOTA Comes Back Online, Weeks After $2 Million Hack
  • CryptoCompare and IntoTheBlock Partner to Bring On-Chain Analytics to Crypto Investors

At the time of writing, bitcoin (BTC) is trading at $7,852.51 (-0.52%) with a daily Top Tier volume of $3.16. As for ether (ETH), it is trading at $198.74 (0.14%) with a daily Top Tier volume of $1.25 billion. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,869.79 (-0.43%)

 
24 hours chart of the price of BTC
 

'We Want Tether to Be the Leading Stablecoin in the DeFi Space’ Says CTO Paolo Ardoino

 

Paolo Ardoino, the CTO of Tether, revealed during CryptoCompare’s Digital Asset Summit that Tether is looking to lead the stablecoin presence in the decentralized finance space.

During a keynote speech on the history of the stablecoin issuer, Ardoino revealed decentralized finance platforms have shown interest in its flagship stablecoin, USDt, and that the firm will be announcing partnerships with existing DeFi platforms.

Via a press release, Tether has already announced a partnership with open-source, non-custodial protocol Aave, to bring “wider adoption of Tether (USDt) as a finance tool to the nascent decentralized finance ecosystem. Per the document, USDt could help improve the space’s liquidity and the usability of flash loans – loans taken and repaid in the same transaction.

Ardoino was quoted as saying:

“Enabling USDt holders to earn a passive income via an open lending platform such as Aave opens exciting new possibilities for the DeFi space and USDt liquidity. USDt’s use in such innovative DeFi projects is evidence of its important function in the digital currency ecosystem.”

Data from Aave shows the stablecoin has been providing the platform’s lenders a monthly yield well above 10%, while MakerDAO’s DAI and Circle’s USDC have offered yields below two-digits.

 
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Brave’s BAT Tokens Can Now Be Redeemed for ‘Real-World Rewards’

 

Brave Software, makers of the cryptocurrency-powered Brave browser, announced a partnership with the TAP Network to allow users to redeem its Basic Attention Token (BAT) for “real-world rewards” with over 250,000 brands that are a part of the network.

The announcement details that Brave users in the U.S. will be able to redeem the BAT tokens they earn for watching ads while browsing with Brave for “gift cards from hundreds of top national brands.” These include Uber, Starbucks, Xbox, Playstation, Amazon, Apple, and Walmart.

In a statement issued to Cointelegraph after being asked to clarify whether the rewards are only available for U.S. users, Brave’s head of communications Catherine Corre stated:

“The network of providers is stronger in the US for this launch, so it is about availability. There are no legal restrictions, but if a user is not in the U.S., they will have less options for the gift cards.”

The Brave browser, it’s worth noting, recently surpassed four million daily active users, and 12.2 million monthly active users.

 
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IOTA Comes Back Online, Weeks After $2 Million Hack

 

The IOTA network went back online after being shut down on February 12 over an attack that affected the users of its Trinity wallet software, and is estimated to have seen attackers steal $2.2 million worth of IOTA from users.

The attack saw the IOTA Foundation, a non-profit organization that oversees the development of the cryptocurrency’s network and runs the Coordinator node, shut down the network to stop value transactions and protect users from suffering any further losses.

Before bringing the Coordinator node back online, the IOTA Foundation offered users a tool to help them securely transition to new accounts. In an emailed statement, IOTA co-founder David Sonstebo reportedly revealed he plans to reimburse the victims affected by the attack.

The team is reportedly working on identifying those behind the attack.

"We continue to work with the FBI, as well as the UK, German, and Maltese police to identify and track the attacker. With the restart of the Coordinator, we are together actively monitoring for any suspicious activity."

In a blog post, the IOTA Foundation also details moves it has been making to reduce the likelihood of being affected by a similar attack in the future.

 
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CryptoCompare and IntoTheBlock Partner to Bring On-Chain Analytics to Crypto Investors

 

CryptoCompare has announced a partnership with on-chain intelligence company IntoTheBlock to provide users with on-chain analytics. As a result of the partnership, CryptoCompare users now have IntoTheBlock signals available in the analysis tab of over 800 cryptoassets.

Users are now also able to plot 15 fundamental blockchain data sets on the advanced charts, and access all of the data for free via the CryptoCompare API. The four new signals being added cover the accumulation or reduction from addresses with over 0.1% of a coin’s circulating supply, momentum signals indicating a token’s underlying network health and the amount of large transactions occurring.

The data also lets users dive into the blockchain data, by seeing whether most users are “in the money” or “out of the money,” and by looking into hashrate growth, new addresses, and more.

 
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